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Doubts Arise Over the 7.5% Chinese Growth Target

EUROPEAN SESSION UPDATE: US Dollar rises and Aussie falls in an otherwise quiet European session… The European session has thus far been uneventful, as the economic calendar was unexciting and comments from officials did not impact Forex markets. However, the US Read More →

EUR/USD- Trading the U. of Michigan Confidence Survey

Trading the News: U. of Michigan Confidence What’s Expected: Time of release: 07/12/2013 13:55 GMT, 9:55 EDT Primary Pair Impact: EURUSD Expected: 84.7 Previous: 84.1 DailyFX Forecast: 82.0 to 86.0 Why Is This Event Important: The U. of Michigan Confidence survey is expected to increase to 84.7 from Read More →

Dollar Torn Between Fed Policy Cues from US Data, Bank Earnings

The Dollar faces a tough balancing act into the week-end as earnings reports from two key US banks and the day’s economic data set offer conflicting Fed policy clues. Talking Points Euro Unlikely to Find Lasting Momentum in Industrial Production Data Strong US Read More →

Dollar Suffers Biggest Two-Day Drop in 20 Months after FOMC Minutes

Dollar Suffers Biggest Two-Day Drop in 20 Months after FOMC Minutes Euro: Trouble with Greece, Portugal, Others Contradicts Currency Strength Japanese Yen Crosses Unable to Rally Despite Positive Risk Bearing Australia Dollar Ignores Equity Rally, Stumbles after Jobs Report British Pound Advances after Miles Read More →

Larger USDOLLAR Correction on Tap- AUD Remains at Risk on RBA

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10845.17 10862.28 10768.48 -0.38 118.39% Chart - Created Using FXCM Marketscope 2.0 Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is paring the decline to 10,768, a bearish flag appears to be taking shape as Fed Chairman Read More →

Gold, Copper Rise as Bernanke Cools QE Cutback Bets

Gold and copper prices are rising after Ben Bernanke cooled QE cutback speculation, boosting risk appetite and rebooting demand for anti-fiat assets. Talking Points Gold, Silver Launch Recovery as Bernanke Cools QE “Taper” Bets Copper Follows Stocks Higher as Markets Cheer Fed Accommodation Metals Read More →